A nearly seven-year-old policy that froze new Philippine Economic Zone Authority (PEZA) ecozone approvals in Metro Manila may need to be revisited as compliant office space in key central business districts (CBDs) becomes increasingly scarce, according to property consultancy Colliers. In a May 19...
Eight more countries have joined the Luzon Economic Corridor (LEC) initiative as “valued partners,” as the Philippines, Japan, and the United States reaffirmed their commitment to accelerate infrastructure development and economic connectivity in the country. The development came during the 4th...
Sweden is looking to expand its economic cooperation with the Philippines through new investments and financial grants following its formal integration into the partnership for the development of Luzon Economic Corridor (LEC). “We do see this as a first step and we will, together with our...
The government expects the addition of seven partner nations to the Luzon Economic Corridor (LEC) to cement the region’s status as a primary investment magnet, a move officials say is vital for insulating the economy against persistent global volatility. Finance Secretary Frederick Go said the...
Latest numbers from the Philippine Statistics Authority (PSA) serve as a reality check for the Marcos administration, which has been promising a new economic era. The economy grew by just 2.8 percent in the first quarter of the year, a cold shower for a country recently touted as a regional leader....
Investments approved by the Philippine Economic Zone Authority (PEZA) in the first four months of the year rose by 72 percent to more than ₱100 billion compared to a year ago, as the country’s ecozones continue to attract capital amid ongoing global volatility. PEZA said it approved a total of...
At the Aboitiz Equity Ventures (AEV) annual stockholders’ meeting on April 27, the Aboitiz Group stated that the conglomerate will continue to strengthen the operations of its core businesses while advancing strategic growth initiatives. AEV is the active portfolio manager of the Aboitiz Group....
Vice President Sara Duterte criticized what she described as the government’s “lack of direction” as many Filipinos continue to struggle with poverty, unemployment, and rising economic uncertainty. In a video interview released by the Office of the Vice President (OVP) on Thursday, May 7,...
BEIJING — China is stepping up its push to harmonize the Asia-Pacific’s two largest trade blocs, seeking to bridge the gap between competing frameworks to finally realize a long-delayed vision for a unified regional free trade zone. As the current chair of the Asia-Pacific Economic Cooperation...
The APEC Business Advisory Council (ABAC) has urged Asia-Pacific governments to take immediate and coordinated action to address mounting economic pressures, including trade fragmentation, energy market shocks, and persistent supply chain disruptions, warning that business confidence across the...
BEIJING, China — The trade relationship between two of the world’s largest economies is expected to expand significantly in the near term as China looks to secure bilateral commitments with the United States (US) at the upcoming Asia-Pacific Economic Cooperation (APEC) Summit. Ambassador Chen...
More than a year after an unsolicited proposal was first submitted, the Subic Bay Metropolitan Authority (SBMA) has formally launched the Swiss challenge for the ₱6.2-billion Subic Bay International Airport (SBIA) project, opening the door to rival bidders for an airport that would complement the...
